Zacks: Analysts Set $21.00 Target Price for Colony Credit Real Estate Inc (CLNC)
Shares of Colony Credit Real Estate Inc (NYSE:CLNC) have received an average broker rating score of 2.00 (Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a buy rating.
Brokers have set a 12-month consensus price target of $21.00 for the company and are predicting that the company will post $0.40 EPS for the current quarter, according to Zacks. Zacks has also given Colony Credit Real Estate an industry rank of 86 out of 255 based on the ratings given to its competitors.
CLNC has been the subject of several research analyst reports. Raymond James reduced their price target on shares of Colony Credit Real Estate from $23.50 to $23.00 and set an “outperform” rating for the company in a research report on Wednesday, November 14th. Zacks Investment Research downgraded shares of Colony Credit Real Estate from a “hold” rating to a “sell” rating in a research report on Thursday, November 15th.
CLNC stock traded down $0.19 on Friday, hitting $15.51. 403,388 shares of the company’s stock traded hands, compared to its average volume of 277,924. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.91 and a quick ratio of 4.91. The firm has a market cap of $2.05 billion and a PE ratio of 22.16. Colony Credit Real Estate has a 1-year low of $15.35 and a 1-year high of $23.23.
The business also recently announced a monthly dividend, which was paid on Monday, March 11th. Shareholders of record on Thursday, February 28th were given a $0.145 dividend. The ex-dividend date was Wednesday, February 27th. This represents a $1.74 dividend on an annualized basis and a yield of 11.22%. Colony Credit Real Estate’s payout ratio is 248.57%.
Colony Credit Real Estate Company Profile
Colony Credit Real Estate, Inc operates as a commercial real estate (CRE) credit real estate investment trust in the United States. It focuses on originating, acquiring, financing, and managing a portfolio of CRE senior mortgage loans, mezzanine loans, preferred equity, debt securities, and net leased properties.
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